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Luxury Goods in Argentina

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Argentina's recovery from the impact of the COVID-19 pandemic has been slower than expected as new external issues impact local business. Despite seeing GDP growth in 2021, the pace of recovery has slowed in 2022 according to Euromonitor's socioeconomic data. In addition, Argentina continues to be plagued with double-digit inflation, with this being hit even harder in 2022 as food and energy prices soar around the globe. As a consequence, purchasing power in Argentina is in decline with this tre...

Euromonitor International's Luxury Goods in Argentina report offers a comprehensive guide to the size and shape of the Luxury Goods market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Goods retailing along with the development of consumers' shopping patterns. Forecasts to 2026 illustrate how the market is set to change

Product coverage: Experiential Luxury, Fine Wines/Champagne and Spirits, Personal Luxury, Premium and Luxury Cars.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Luxury Goods market; Pinpoint growth sectors and identify factors driving change; Understand the competitive environment, the market's major players and leading brands; Use five-year forecasts to assess how the market is predicted to develop.
Product Code: LUXAR

TABLE OF CONTENTS

List Of Contents And Tables

EXECUTIVE SUMMARY

Luxury goods in 2022: The big picture 2022 key trends Competitive landscape Retailing developments What next for luxury goods?

MARKET DATA

Table 1 Sales of Luxury Goods by Category: Value 2017-2022 Table 2 Sales of Luxury Goods by Category: % Value Growth 2017-2022 Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022 Table 4 NBO Company Shares of Luxury Goods: % Value 2017-2021 Table 5 LBN Brand Shares of Luxury Goods: % Value 2018-2021 Table 6 Distribution of Luxury Goods by Format and Category: % Value 2022 Table 7 Forecast Sales of Luxury Goods by Category: Value 2022-2027 Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027

DISCLAIMER

SOURCES

Summary 1 Research Sources

EXPERIENTIAL LUXURY IN ARGENTINA

KEY DATA FINDINGS

2022 DEVELOPMENTS

Luxury hotels continues its recovery from the COVID-19 pandemic Luxury hotels leverage their exclusive services to drive revenue Hotels making new demands of their suppliers in a changing world

PROSPECTS AND OPPORTUNITIES

Slow recovery is expected as inbound arrivals will take time to recover Domestic "getaways" in boutique accommodations have increased threatening bookings at luxury hotels Convenience, sanitation and wellbeing key factors for luxury hotels to consider

CATEGORY DATA

Table 9 Sales of Experiential Luxury by Category: Value 2017-2022 Table 10 Sales of Experiential Luxury by Category: % Value Growth 2017-2022 Table 11 NBO Company Shares of Experiential Luxury: % Value 2017-2021 Table 12 LBN Brand Shares of Experiential Luxury: % Value 2018-2021 Table 13 Forecast Sales of Experiential Luxury by Category: Value 2022-2027 Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2022-2027

FINE WINES/CHAMPAGNE AND SPIRITS IN ARGENTINA

KEY DATA FINDINGS

2022 DEVELOPMENTS

Growth stabilises as consumers return to more active social lives Champagne no longer the preserve of special occasions Luxury other spirits benefits from growing interest in gin, while cocktails trend continues to boost sales of luxury whiskies

PROSPECTS AND OPPORTUNITIES

E-commerce set for further expansion Players should look to profit from expanding target audience Return of tourism expected to boost sales of local wine

CATEGORY DATA

Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2017-2022 Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2017-2022 Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2017-2021 Table 18 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2018-2021 Table 19 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2017-2022 Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2022-2027 Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2022-2027

PREMIUM AND LUXURY CARS IN ARGENTINA

KEY DATA FINDINGS

2022 DEVELOPMENTS

Scarcity of US dollars affecting product assortment in 2022 Governmental obstacles to luxury cars imports for second year in a row Luxury tax on new cars continues to influence sales

PROSPECTS AND OPPORTUNITIES

Car dealers could seek to expand their business abroad due to unfavourable market conditions New launches expected - if the dollar situation allows it Electric cars set to gain interest over the forecast period as new models hit the market

CATEGORY DATA

Table 22 Sales of Premium and Luxury Cars: Value 2017-2022 Table 23 Sales of Premium and Luxury Cars: % Value Growth 2017-2022 Table 24 NBO Company Shares of Premium and Luxury Cars: % Value 2017-2021 Table 25 LBN Brand Shares of Premium and Luxury Cars: % Value 2018-2021 Table 26 Forecast Sales of Premium and Luxury Cars: Value 2022-2027 Table 27 Forecast Sales of Premium and Luxury Cars: % Value Growth 2022-2027

PERSONAL LUXURY IN ARGENTINA

KEY DATA FINDINGS

2022 DEVELOPMENTS

Designer apparel and footwear (ready-to-wear) Luxury eyewear Luxury jewellery Luxury leather goods Luxury timepieces Luxury writing instruments and stationery Super premium beauty and personal care

PROSPECTS AND OPPORTUNITIES

Digital engagement will remain crucial to enhancing the consumer experience Second-hand luxury goods on the rise as a sustainable and more affordable alternative Knowing your customer will likely become increasingly important

CATEGORY DATA

Table 28 Sales of Personal Luxury by Category: Value 2017-2022 Table 29 Sales of Personal Luxury by Category: % Value Growth 2017-2022 Table 30 NBO Company Shares of Personal Luxury: % Value 2017-2021 Table 31 LBN Brand Shares of Personal Luxury: % Value 2018-2021 Table 32 Distribution of Personal Luxury by Format: % Value 2017-2022 Table 33 Forecast Sales of Personal Luxury by Category: Value 2022-2027 Table 34 Forecast Sales of Personal Luxury by Category: % Value Growth 2022-2027